Villanova Investment Management Co LLC Buys 9,579 Shares of PHINIA Inc. $PHIN

Villanova Investment Management Co LLC boosted its stake in shares of PHINIA Inc. (NYSE:PHIN) by 26.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 45,966 shares of the company’s stock after buying an additional 9,579 shares during the quarter. PHINIA makes up approximately 1.8% of Villanova Investment Management Co LLC’s investment portfolio, making the stock its 21st biggest holding. Villanova Investment Management Co LLC’s holdings in PHINIA were worth $2,642,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Royal Bank of Canada boosted its stake in shares of PHINIA by 464.8% during the 1st quarter. Royal Bank of Canada now owns 75,745 shares of the company’s stock worth $3,214,000 after purchasing an additional 62,333 shares during the period. AQR Capital Management LLC lifted its holdings in PHINIA by 62.3% during the 1st quarter. AQR Capital Management LLC now owns 22,343 shares of the company’s stock valued at $938,000 after buying an additional 8,576 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in PHINIA by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,891 shares of the company’s stock worth $1,056,000 after acquiring an additional 1,093 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of PHINIA by 6.4% during the first quarter. Goldman Sachs Group Inc. now owns 977,177 shares of the company’s stock worth $41,462,000 after acquiring an additional 58,875 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of PHINIA by 7.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 94,270 shares of the company’s stock valued at $4,000,000 after acquiring an additional 6,478 shares in the last quarter. Institutional investors own 90.94% of the company’s stock.

PHINIA Trading Up 1.0%

Shares of NYSE:PHIN opened at $76.06 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.86 and a quick ratio of 1.36. The firm has a market capitalization of $2.88 billion, a P/E ratio of 23.40 and a beta of 1.37. The business’s 50-day moving average is $68.17 and its 200 day moving average is $59.89. PHINIA Inc. has a 1 year low of $36.25 and a 1 year high of $78.90.

PHINIA (NYSE:PHIN) last issued its quarterly earnings results on Thursday, February 12th. The company reported $1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.17). The company had revenue of $889.00 million for the quarter, compared to analyst estimates of $843.59 million. PHINIA had a net margin of 3.73% and a return on equity of 12.56%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. On average, research analysts predict that PHINIA Inc. will post 4.21 earnings per share for the current fiscal year.

PHINIA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. This is a boost from PHINIA’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, March 6th. PHINIA’s dividend payout ratio is 33.23%.

Analyst Upgrades and Downgrades

PHIN has been the subject of a number of research analyst reports. Wall Street Zen raised PHINIA from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Zacks Research upgraded shares of PHINIA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Weiss Ratings restated a “hold (c)” rating on shares of PHINIA in a report on Monday, December 29th. Northland Securities set a $93.00 price objective on shares of PHINIA in a research note on Friday, February 13th. Finally, BNP Paribas Exane raised shares of PHINIA from a “neutral” rating to an “outperform” rating and set a $63.00 price objective on the stock in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $66.33.

About PHINIA

PHINIA Inc engages in the development, design, and manufacture of integrated components and systems that optimize performance, increase efficiency, and reduce emissions in combustion and hybrid propulsion for commercial and light vehicles, and industrial applications. The company operates through Fuel Systems and Aftermarket segments. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.